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to come up with a budget that everybody could agree on. >> cuts could still down the economy. pentagon leaders are deeply worried about the impact on the military. if congress cannot cut a big deal -- >> they should pass a smaller package of spending cuts and tax reforms. >> he is thinking short-term. give congress time to work on a budget. >> they should have a chance to come up with a budget instead of making cuts now that was slow down the recovery. >> both sides agreed something must be done. republican leaders are digging in their heels. "we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. >> where does our debt stand? >> we have run more than $1 chilean in red ink -- $1 trillion. our debt will be $845 billion. busy projection -- that is the projection. >> 5:27. >> city police investigate a triple stabbing that happened near yesterday's victory parade. >> the weather is nice and quiet this morning
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